1550 Highway 113PitkinLA70656
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Pitkin at 1550 Highway 113, Pitkin, LA, 70656 offers a 7.28% rental yield on a $315,000 purchase with $1,910/mo rent. 43% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 100.32% and total cumulative return in cash at $104,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,910/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70656, Pitkin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,751 (100%) |
| Owner Occupied HU | 1,243 (71.0%) |
| Renter Occupied HU | 214 (12.2%) |
| Vacant Housing Units | 294 (16.8%) |
| Median Home Value | $104,842 |
| Average Home Value | $129,334 |
Housing Distribution
Address Breakdown
Residential
1,420
Single Family
1,420
Multi-Family
0
Businesses
42
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